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Q: Which factor that affects demand is illustrated in the graph for demand curves?
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What is the difference between fall in demand and contraction in demand?

A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.


What is the difference between contraction in demand and decrease in demand?

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